Aon Benfield: Feb. storms caused more than $1B of insured losses | Senators work on measure to enhance 911 cybersecurity | Group gives nation's infrastructure a D+
March 14, 2017
Aon Public Sector Advisor: News from Aon's Thought Leaders
Risk, Insurance, Claims & Safety
Aon Benfield: Feb. storms caused more than $1B of insured losses
Severe weather in February has led to more than $1 billion of insured losses worldwide, says Aon Benfield's Impact Forecasting unit. Thunderstorms and hail are among the biggest causes of last month's damage, Impact Forecasting says.
Artemis (3/8) 
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Senators work on measure to enhance 911 cybersecurity
US Sens. Bill Nelson, D-Fla., and Amy Klobuchar, D-Minn. are drafting legislation that would seek funding and urgency in upgrading the nation's 911 systems. The bill would address cybersecurity concerns in the wake of an increase in telephone denial-of-service attacks against 911 centers.
CyberScoop (3/10) 
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Group gives nation's infrastructure a D+
The American Society of Civil Engineers says that the nation's infrastructure is at risk of failing, giving it a D+. According to the report, it would take $4.6 trillion over the next eight years to bring the country's infrastructure up to an acceptable standard.
The Washington Post (tiered subscription model) (3/9),  CNBC (3/9) 
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Employee Benefits
CBO predicts substantial loss of coverage under GOP proposal
The Congressional Budget Office released its analysis of the proposed American Health Care Act, estimating 5 million Americans would lose Medicaid coverage and 6 million people would lose individual coverage by 2018, and 24 million more people would be uninsured by 2026. The report predicts a short-term increase in premiums under the legislation, but longer-term rates would decrease overall, although many Americans would pay a greater share under the proposal's tax credit structure and premium calculations.
Kaiser Health News (3/13),  The Hill (3/13),  CNN (3/14) 
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Survey: 401(k), 403(b) participants think they're lagging on savings
A survey by Investopedia finds a majority of respondents who participate in a 401(k) or 403(b) plan think they are falling short of retirement-savings targets. The survey also reveals only 18% of plan participants receive professional advice.
Financial Advisor online (3/7) 
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Higher Education
Suspension of IRS tool draws higher ed concern
Suspension of IRS tool draws higher ed concern
(Loic Venance/AFP/Getty Images)
A key online resource that families often use to get information to complete the Free Application for Federal Student Aid has been suspended by the IRS and the US Department of Education. Higher-education leaders say the suspension of the data-retrieval tool comes as application deadlines are approaching.
The Chronicle of Higher Education (free content) (3/9) 
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How will ACA repeal affect college health care?
A proposal to replace the Affordable Care Act could affect health care benefits for both adjunct instructors and college students, observers suggest. If passed, elimination of an employee mandate could result in a reduction or loss of health insurance coverage for part-time instructors, while proposed subsidy reductions could make it harder for students to afford coverage, they note. (3/9) 
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Leadership & Management
Are you celebrating tradition or bad habits?
Look at what's considered tradition at your organization, and whether those are justified or simply "how we've always done things," writes James daSilva. At work, this could mean re-examining why the organization chooses to do things, or what actions should be celebrated and turned into traditions.
SmartBrief/Leadership (3/7) 
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News From Aon
Infographic: How to address the rising cost of health care
Globally, health care costs are rising for individuals and employers. Because of a combination of aging populations, declining health, poor lifestyle choices, cost-shifting from social programs and increased utilization of employer-sponsored health insurance plans, health care costs are rising worldwide at a rate far higher than the average rate of inflation. View the infographic.
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20th Aon Risk Pooling Symposium 2017 -- New Realities in Risk
Please join the Aon Risk Pooling Practice for the 20th Risk Pooling Symposium, happening July 23 to 26, 2017, at the Hyatt Regency Tamaya Resort and Spa, just outside Albuquerque, N.M. We will be delivering timely information and entertaining sessions on topics important to your pool. Topics will include changing public perceptions about law enforcement, new technologies affecting government risks, cyberexposures, active shooters and potential fallout from Brexit. Register.
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